Amazon founder Jeff Bezos on Monday dethroned Elon Musk to reclaim his spot as the world’s richest man.
Bezos’ net worth stands at $200billion, according to the tracker, surpassing the Tesla chief’s $198billion.
Musk, who is also the owner of X (formerly Twitter) and SpaceX, has seen his riches fall by more than $30 billion as Tesla’s share price has dropped 25 percent in recent months.
To add to Musk’s difficulties, a judge in January 2024 approved the cancellation of his massive Tesla pay agreement, worth $55.8billion and signed in 2018.
Bezos, who no longer leads Amazon, has benefited from the company’s growing stock price.
Despite recently selling off $8.5 billion in stock, he remains the company’s top stakeholder.
Bernard Arnault, the French CEO of the luxury business LVMH, stays third in the list of the world’s wealthiest individuals, with $197 billion.
